GSM Foils IPO gmp - 10 things to know with detail
- 1. GSM Foils IPO: GSM Foils Limited is a leading manufacturer of specialty foils, laminates, and holographic films. The company is based in India and has a strong presence in the packaging industry.
- 2. IPO Details: GSM Foils is planning to launch its initial public offering (IPO) soon. The IPO will consist of fresh issue of shares to raise funds for expansion and working capital requirements.
- 3. GMP: The Grey Market Premium (GMP) for GSM Foils IPO is currently around Rs. 10-15 per share. GMP is an unofficial market where investors can buy and sell shares before they are officially listed on the stock exchange.
- 4. Issue Size: The IPO will have a total issue size of Rs. 100 crore, with a portion reserved for retail investors, non-institutional investors, and qualified institutional buyers.
- 5. Price Band: The price band for GSM Foils IPO has not been disclosed yet. It is expected to be announced closer to the launch date.
- 6. Book Running Lead Managers: The book running lead managers for the GSM Foils IPO are Axis Capital and Edelweiss Financial Services.
- 7. Listing: The company is planning to list its shares on the BSE and NSE stock exchanges. The listing date will be announced after the successful completion of the IPO.
- 8. Business Expansion: The proceeds from the IPO will be used by GSM Foils for expanding its manufacturing facilities, investing in new technologies, and enhancing its product portfolio.
- 9. Growth Prospects: GSM Foils has a strong track record of growth and profitability. The company has a diversified customer base and a strong presence in both domestic and international markets.
- 10. Risks: Like any investment, investing in GSM Foils IPO carries certain risks. Investors should carefully consider the company's financial performance, competitive position, and market conditions before making an investment decision.